HYPER H4 Outlook

Based on the chart, the market appears to be in a prior downtrend, evidenced by the formation of lower highs and lower lows. However, there are signs of a potential reversal as the Sell Side Liquidity (SSL) levels have been swept, suggesting a possible shift in momentum. Key Buy Side Liquidity (BSL) levels above the current price, such as $25.373, $28.324, and $30.121, present potential targets if the price starts to move upward. The Fibonacci retracement levels indicate $30.06 (0.618) as a significant resistance area, with $28.34 (0.5) as another notable level for profit-taking during an upward move.

There are two potential entry points: Entry 1 at $22.045 and Entry 2 at $21.916, both positioned near strong support levels. Traders could consider waiting for the price to retrace to one of these levels before entering a long position, targeting the BSL zones above. If the price manages to break and hold above the SMA 13 (yellow line), it may signal the beginning of bullish momentum. A stop loss below the last SSL zone would help mitigate risk in case of further bearish continuation.

NFA, DYOR